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Monthly Archive: January 2012

KPMG Faces Lawsuit Over Tax Advise

By Kalen Smith, Blogger

Two plaintiffs in Nova Scotia allege that KPMG provided them with negligent tax advice. They have filed a lawsuit against the auditor in the Novia Scotia Supreme Court.

Loran Tweedie and Linda Tweedie are co-owners of First Communications Contractors Ltd. They hired KPMG to provide guidance in restructuring their company.

In their discussions, KPMG told the plaintiffs they would be […]

Deloitte Survey Highlights Strategies for Retaining Talented Employees

By Kalen Smith, Blogger

Deloitte recently highlighted several findings from its 2011 Best Companies to Work for Survey. These findings should provide insight for employers looking to retain their most talented workers.

Despite expectations from many analysts and economists, the high unemployment rate has not created a new supply of talented workers. Many open positions continue to go unfilled as companies […]

Deliotte: Global Leader In Finance Transformation Consulting Services

Ethan Strassfield, Staff Reporter

Gartner has recognised the Deloitte member firms (Deloitte) a global leader in finance transformation consulting services in a new report. The report, Magic Quadrant for Financial Management Consulting Services, critiques service providers on their ability to execute and their completeness of vision. Some of the elements used […]

Deloitte: Two Firms Team Together To Meet Growing Demand For SAP And Business Intelligence Services

Ethan Strassfield, Staff Reporter

A business union between Deloitte Consulting and Logro, a specialist provider of SAP business intelligence services, will combine the expertise and experience of both firms to meet the increased demand for SAP business intelligence design and implementation services.

SAP are a strategic provider of enterprise solutions to many Deloitte clients, with emerging technologies for cloud computing, […]

Ernst & Young: Finance Chiefs Concerned By Change In Reporting Standards

Erica deVry, Staff Reporter

Financial reporters in companies across the UK are being forced to implement new standards that will impact everything from procurement and corporate transactions, to covenants and employee bonus schemes. A survey from Ernst & Young which canvassed the views held by finance executives from 600 companies across the UK, found a lack of preparedness and […]

Grant Thornton: Global Business Confidence Tentative Heading Into 2012

Rob Starr, Staff Reporter

Results of the International Business Report (IBR) for the fourth quarter of 2011 shows the global economic outlook is still dominated by the crisis in the eurozone, and fears are increasing that business growth will become even more difficult this year.

The latest research from Grant Thornton International shows that global business optimism in the fourth […]

KPMG: Critical Demand For New Infrastructure Facilitates Quick Adaptation

Kenneth Guillame, Staff Reporter

KPMG International’s Global Construction Survey 2012, The Great Global Infrastructure Opportunity surveyed 161 engineering and construction companies around the world with revenues ranging from US$ 250 million to more than US$5 billion. It found that energy and transportation offer greatest short-term revenue opportunities and that engineering and construction companies’ efficiency and risk management processes […]

Huron: Legal Managing Director Added to Lead Advisory Business

Rob Starr, Staff Reporter

Rick Wyman recently joined Huron Consulting Group (NASDAQ: HURN) as a managing director in its Huron Legal practice.

Huron Legal provides advisory and business services to assist law departments and law firms to enhance organizational effectiveness and reduce legal spend. Huron Legal advises on and implements strategy, organizational design and development, outside counsel […]

PwC: Economic Crisis Has Left Real Estate Investment And Development In Limbo

Rob Starr, Staff Reporter

According to Emerging Trends in Real Estate® Europe 2012, the annual industry forecast published by PwC and the Urban Land Institute (ULI), the prospects for any real estate turnaround this year hinge on how recent regulatory measures will affect banks’ willingness to make commercial loans, and whether another financial industry collapse caused by sovereign debt […]

PwC: Indianapolis Area Expects Boon From Super Bowl XLVI

Rob Starr, Staff Reporter

Hosting the Super Bowl in Indianapolis presents an opportunity for the surrounding region to experience the game’s related events and generate a notable level of economic impact on the host community, according to PwC US. The city is located within driving distance of many major markets, enabling event organizers to extend their reach and increase […]

PwC: North American Power & Utilities M&A Outlook Still Has Clouds Lingering

Rob Starr, Staff Reporter

According to North American Power Deals: Q4 2011, the fourth quarter industry M&A snapshot by PwC US, continued market uncertainty caused a slowdown in North American power and utilities mergers and acquisitions (M&A) in the final three months of 2011, driving the number of announced deals down to the lowest level in several quarters.

John […]

KPMG: Uncertain Economy Affects Outsourcing Market

By Kalen Smith, Blogger

According to KPMG’s fourth quarter Sourcing Advisory Pulse Survey, unpredictable economic conditions continue to have an impact outsourcing providers. These firms are under increased pressure to cut costs.

As economic conditions become more uncertain, these providers are under greater pressure to improve their IT infrastructure. They are likely to change their business models in order to use the […]

PwC Finds CEOs Optimistic About Revenues While Concerned Over Economy

By Kalen Smith, Blogger

Pricewatercoopers conducted a survey of 1,258 CEOs to assess their outlook of the world economy and their own companies. The results of the survey found that CEOs were increasingly pessimistic about the future of the global economy. However, they were more optimistic about their own revenues.

Nearly half of the CEOs polled in the survey said they felt […]

KPMG Expected to Announce Return of MF Global Funds

By Michael Foster, Blogger

KPMG is expected to announce that it will begin returning funds to former MF Global clients, as worries mount that the money may have disappeared.

On Friday, administrators of the now-defunct derivatives brokerage are expected to testify before the British High Court on the issue. Joint administrator at KPMG Richard Heis told British daily […]

KPMG: Seth Oster Appointed Chief Communications Officer

Kenneth Guillame, Staff Reporter

Seth Oster, a former senior appointee at the U.S. Environmental Protection Agency (EPA), has joined KPMG LLP in the role of chief communications officer.

Serving in the Obama administration as the EPA’s top communications and public affairs official, Oster was chief advisor to EPA Administrator Lisa P. Jackson and a member of her senior management team. […]